We recently reported that in theory, you can buy a bunch of houses in Detroit for $500 or less. We've already seen people talking about scooping some up, just as a speculative investment. But it's ...

But small-time speculators eyeing quick profits often let the houses fall into disrepair because they lack the funds for renovations or end up abandoning them - and frequently do not pay real ...

Iconic mansions in Detroit have been garnering attention recently with the sale of the 1926 Fisher mansion in Palmer Woods, which sold for $4.9 million, the most a home has ever sold for in the ...

Of the more than 20 Detroit-area homes still listed under her name, most have been foreclosed on and the rest are seriously delinquent. Ray did not respond to numerous calls seeking comment.

Why living in Detroit doesn’t come cheap Detroit's housing market may look accessible, but once you do the math imposed by the city's sometimes tough conditions, it's hardly a bargain.